17:55:27 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 229,026,676
Close 2018-06-11 C$ 0.09
Market Cap C$ 20,612,401
Recent Sedar Documents

Vanadiumcorp retracts Lac Dore resource estimates

2018-11-01 15:15 ET - News Release

Mr. Adriaan Bakker reports

VANADIUMCORP RECEIVES TECHNICAL REPORT

Vanadiumcorp Resource Inc. has obtained a technical report titled "Geological Report for the Lac Dore Vanadium Deposits, Quebec, Canada," dated Oct. 11, 2018, prepared by B. Terrence Hennessey, PGeo, of Micon International Ltd.

The purpose of the new technical report is to provide the company with a current technical report and to address the continuing default with the British Columbia Securities Commission (BCSC). As a result of a technical disclosure review by the BCSC, the company announced by news releases dated Jan. 30, 2018, and April 3, 2018, that previously disclosed economic analysis and mineral resources in respect of the Lac Dore property should not be relied on. The company hereby confirms that, as a result of issues identified with the data verification process, including limited access to historical drill core and accuracy of drill collar locations, it is retracting prior mineral resource estimates and economic analyses. The new technical report recommends that the company conduct additional data verification work before such data can be used to prepare a mineral resource estimate.

A copy of the new technical report will be available on SEDAR and on the company's website.

Vanadiumcorp Resource has developed a new technology to produce reusable vanadium electrolyte directly and sustainably from virtually any source for perpetual use in vanadium batteries. Vanadiumcorp also holds a strategic vanadium-titanium-iron-bearing resource base in mining-friendly Quebec, Canada.

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